Magnus Steel and Infra Ltd
Magnus Steel finalizes Rs. 39.88 Crore Rights Issue terms
FUNDRAISE
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 05:46 PM IST · BSE ID: a5327cdb-706f-46d9-b5e5-410568077e6f
View Original BSE Filing (PDF)
💡
In Simple Terms
The company confirmed details for offering new shares to existing shareholders to raise funds.
🤖 AI Summary
- Magnus Steel sets Rs. 10.00 issue price for Rs. 39.88 Crore Rights Issue.
- 3,98,87,540 equity shares to be issued via rights to raise capital.
- Record date set for October 27, 2026, for eligible shareholders.
- Rights Issue opens November 12, 2026, and closes December 01, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total amount aggregating
Rs. 39,88,75,400/-
Issue Price
Rs.10.00/- per share
Record Date
Tuesday, October 27, 2026
Right Issue Opening Date
Thursday, November 12, 2026
Right Issue Closing Date
Tuesday, December 01, 2026
Right entitlement Ratio
59 (Fifty Nine) Equity Shares for every 5 (Five) Equity Shares
Outstanding Equity Shares prior to the Rights Issue
33,80,300 Equity shares of Rs. 10.00/- each
Outstanding Equity Shares post Right Issue (assuming full subscription)
4,32,67,840 Equity shares of Rs. 10.00/- each
🏢 How This Affects the Company
This capital raise aims to infuse funds into the company, supporting future business operations and growth initiatives.
The issuance of equity shares will increase the company's equity base and cash reserves upon full subscription.
Successfully completing the rights issue can de-risk the company's financial structure, but under-subscription poses a risk.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders should review the rights entitlement and decide whether to subscribe, renounce, or let the entitlement lapse by the closing date.
👤
Who Is Affected
Shareholders holding shares as of the record date, October 27, 2026, are eligible for the rights issue ratio of 59:5.
🔍
Management Signal
Management is pursuing capital infusion through a rights issue, indicating a need for funds to support future plans.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Update on subscription levels for the rights issue.
Confirmation of funds utilization post rights issue.
Q4 FY27 results to assess impact of capital raise.
MEDIUM RISK
Rights issues carry risks of under-subscription and significant equity dilution for existing shareholders.
💡 Investor Takeaway
Magnus Steel has finalized its Rs. 39.88 Crore Rights Issue of equity shares at Rs. 10.00 each. The issue opens November 12, 2026, and closes December 01, 2026. Shareholders will receive 59 shares for every 5 held.
⚖️ Strengths & Concerns
✅ Positives
- Confirms Rs. 39,88,75,400 capital raise via fully paid-up equity shares at Rs. 10.00 each.
- Establishes clear timeline: Issue opens November 12, 2026, closes December 01, 2026, with Record Date Oct 27, 2026.
⚠️ Concerns
- The entitlement ratio of 59 Equity Shares for every 5 Equity Shares held represents a significant dilution.
- Outstanding equity shares will increase from 33,80,300 to 4,32,67,840 assuming full subscription.
📅 Company Track Record
Magnus Steel And Infra Ltd had previously announced plans for a Rs. 40 Crore Rights Issue, with board meetings held in July and October 2026 to finalize terms.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total value of the Magnus Steel Rights Issue?
The Rights Issue is for an amount aggregating Rs. 39,88,75,400/-.
What is the issue price for Magnus Steel's Rights Issue?
The issue price is Rs. 10.00/- per equity share.
When does the Magnus Steel Rights Issue open and close?
The Rights Issue opens on Thursday, November 12, 2026, and closes on Tuesday, December 01, 2026.
What is the entitlement ratio for Magnus Steel's Rights Issue?
The ratio is 59 Equity Shares for every 5 Equity Shares held as on the record date.
What is the record date for Magnus Steel's Rights Issue?
The record date for determining eligible shareholders is Tuesday, October 27, 2026.
Questions based on this BSE filing only. For information purposes.